$2,499,000

beds

baths

2,123

square ft

16 Terrace Court

Los Gatos, California 95030

New / MLS #82031463 / Multiple Unit (2-4) / Los Gatos

Listing information updated 1/16/2026 at 4:44pm

Well-maintained and fully updated triplex offering strong income with low operating expenses. The property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all in excellent condition with nothing needed. Each unit offers larger kitchens, generously sized bedrooms and bathrooms, in-unit washer/dryers, private porches, and outdoor areas ideal for planting or personal use. Centrally located near the high school off of East Main then Pleasant Street, providing excellent walkability to town and trails and consistent tenant demand. Solid rental history with good rents, very low expenses, and reliable long-term tenants in place with newly extended leases. Turnkey investment with stable cash flow, would be easily filled if vacated due to location and unit quality. Expenses provided are estimates for 12 months.

Full Features

Beds Above Grade:

Cooling System:

CentralForcedAir

Heating System:

Central Forced Air_ Gas

Appliances:

Cooktop Gas, Dishwasher, Exhaust Fan, Microwave, Oven Electric, Oven Self Cleaning, Oven Range, Refrigerator, Washer Dryer

Pool:

Age:

72 Years

Roof Type:

Composition

Parking Type:

Garage - Assigned Spaces, No Garage, On Street

Square Feet:

2,123

Lot Size:

7830 SquareFeet

Acreage:

0.18

Taxes & Assessments

Tax Amount:

$20,767

Tax Year:

N/A

Location

Zip Code:

95030

City:

Los Gatos

County:

Santa Clara

Schools

School District(s):

Los Gatos Union Elementary

Elementary School:

N/A

Middle School:

Raymond J Fisher Middle

High School:

N/A

Beds Above Grade:

Cooling System:

CentralForcedAir

Heating System:

Central Forced Air_ Gas

Appliances:

Cooktop Gas, Dishwasher, Exhaust Fan, Microwave, Oven Electric, Oven Self Cleaning, Oven Range, Refrigerator, Washer Dryer

Pool:

Age:

72 Years

Roof Type:

Composition

Parking Type:

Garage - Assigned Spaces, No Garage, On Street

Square Feet:

2,123

Lot Size:

7830 SquareFeet

Acreage:

0.18

Tax Amount:

$20,767

Tax Year:

N/A

Zip Code:

95030

City:

Los Gatos

County:

Santa Clara

School District(s):

Los Gatos Union Elementary

Elementary School:

N/A

Middle School:

Raymond J Fisher Middle

High School:

N/A

Listing Agent: Bill Rippe

Listing Office: Christie's International Real Estate Sereno

Disclaimer: The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings MLS system. Real estate listings held by brokerage firms other than Christie’s International Real Estate Sereno are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS as of 1/16/2026 at 4:44pm (date the MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.